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Platitude that covers so many emotions and situations that it says little; its only real meaning is that the speaker is trying to rise above whatever problem exists, without expressing their underlying negative emotions. (They might be angry, sad, upset, frustrated, hurt, disappointed, etc.)
Girl: "I'm breaking up with you..."

Boy: "It's all good."
by haiti4life November 12, 2009
1) Everythings fine

2) A popular ebonic phrase used so heavily by white people that they now think they have a green light on other ebonic phrases.
also see hoe and off the heezy fo sheezy
I got shot 217 times but 'its all good'.
by Mook-Flap August 28, 2003
I have nothing to say other than a meaningless platitude.

A phrase popularized by MC Hammer himself and used as the title of many songs since.
Dear stoner advice columnist, should I major in something practical, liberal arts, or film school?

It's all good dude.
by mandingoh December 10, 2004
what people who are a little too old say to sound cool
Hip, young assistant: "Don't we have to worry about the deadline?"
Aging, overweight boss: "It's all good"
by bald spot(er) July 30, 2008
this is really bad, i'm fucked
wannabe hip-hop ghetto bitch, or fat tattooed white super-pretender beatch, upon learning their baby daddy just married mariah carey's super hot, rich dance coach, "it's all good", usually accompanied by an expansive two-arm gesture.
by Dog D July 12, 2008
Something white boys say.
Dude # 1: Dude, it looks like your car was stolen!
Dude # 2: It's all good.
by YoBabyYoBabyYo! January 28, 2009
Statement: a lame response to adverse conditions which shows no concern to others.
Rock Star: Dude, it's thirty minutes 'till the show and there's still no sound!
Roadie: It's all good.
by bb2 April 29, 2006